BTCUSD - ENDING DIAGONAL IN PLAY

٣٠ أغسطس ٢٠١٧We can see that Bitcoin, according to my wave count is now in development of wave 5, which also happens to be an ending diagonal as indicated on the chart. Therefore this makes me believe that we could setting ourselves up for a major correction after some further upside, until wave 5 is fully complete.

Apart from that one further reason that makes believe a major correction is coming up is that we have a Bearish RSI Divergence on the 8H chart.

Trade safe and implement your own due diligence before executing a trade.

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